Thanks for the insight :)

He has been part of the SS community for sometime here on BP and has always been helpful and insightful with me on every dealing I've had with him.  

Being in and out of houses all day, every day give you insight on market conditions and allows you to take a pretty solid guess at ARV before you even run the numbers.We still suffer some of the regular problems though - like finding contractors who will show up on time and stay on budget.I have contacted about a half dozen paving contractors to look at a job at my home.  4 never returned the calls, two showed up and promised estimates. 

Really any insight or guidance based on your experience or experience of those you know would be very helpful!

Provide real value and insight, even if it's just based on what you've learned, rather than what you've done.

Hello All,I'll be visiting Austin from August 2, 2018 - August 5, 2018.I'm sort of new to rentals and I was looking on gaining some insight for single-family to multifamily housing in/near or around Downtown Austin.Anyone in town and would like to talk investments/partnering, over some drinks?

Generally you work on smaller deals and then move up.As an example I have clients doing a 1031 exchange with 5 million, 6 million, 12 million and they want an expert and not someone just starting out.

@Ned Carey: how expensive is a 1031 exchange?   

It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.

Any more insight on this would be amazing!